Consolidated revenues were $2,440,336 for the nine months ended June 30, 2014, an increase of $331,451 or approximately 15.7% over consolidated revenues for the nine months ended June 30, 2013. Gross Margin percentage of 45% for the nine months ended June 30, 2014 was consistent with prior year.
Consolidated net loss for the nine months ended June 30, 2014 was $803,399 as compared to $7,024,750 for the nine months ended June 30, 2013. The net loss for the nine months ended June 30, 2013 included a charge of $5,943,533 for goodwill impairment.
Loss from operations for the nine months ended June 30, 2014 was $776,696 a decrease of $246,734, as compared to loss from operations of $1,023,433 for the nine months ended June 30, 2013. Operating expenses decreased $111,209 as compared to prior year.
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